WHERE do I start?
Where DO I start?
Where do I START?
Wherever you put the emphasis, the question remains on the tongues of those who “think” they may have to do something with this, as well as those who “know” they have to do something with this.
The IRS.gov website indicates that first you need to make several determinations:
- Is your organization an applicable large employer (ALE)? Basically do you have 50 full time or full time equivalent (FTE) employees yourself or with like ownership. At the end of the day, if in doubt, file.
- Know what kind of health insurance coverage you offered to full-time employees (30 hours per week or 130 hours per month) and their dependents.
- Identify your full time employees for each month and track health coverage in 2015 to complete your forms.
…more to follow as information becomes available.